Sadbhav Engineering Awarded Projects in North-South corridor

Sadbhav Engineering Ltd has announced that the Company has been awarded the project "Design, Construction, Development, Finance, Operation and Maintenance of the work or Rehabilitation and Upgrading to four lane form Km. 596/750 to Km. 653/225 on National Highway No. 7 (NH-7) in the State of Madhya Pradesh under North-South Corridor (NIIDP Phase - II) on Build Operate and Transfer (Annuity) Basis - Package No. NS-/BOT/MP-3" in the Joint Venture known as 'M/s. Sadbhav-SREI Consortium' in the ratio of 51:49, from the General Manager (N-II), National Highways Authority of India (Ministry of Shipping, Road Transport and Highways) G-5&6, Sector-10, Dwarka, New Delhi. The Contract Value of the said project stands at Rs 510 Crores. The other partner of the Joint Venture is M/s. SREI Infrastructure Finance Ltd. The Concession Period of the project is 20 years inclusive of Construction period.

Source : Equity Bulls

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